Best bank for internet access

[dojoman43]

I have opened an account with Marfin Laiki and I am trying to set up internet banking, however I have to wait for a oin number to come by post before I can finally set it up. I have been waiting for 3 weeks for said pin number, does anyone know if any of the other banks are easier to set up net access than this? I have ben in and they keep saying it is in the post!!!!

[Pam n Dave]

I swapped from Alpha as the charges seemed to be different all the time and changed to Hellenic.

Everything was done and dusted within the week but we were in the bank for around 40mins setting the account up.

[sjg-uk]

Originally Posted by dojoman43

I have opened an account with Marfin Laiki and I am trying to set up internet banking, however I have to wait for a oin number to come by post before I can finally set it up. I have been waiting for 3 weeks for said pin number, does anyone know if any of the other banks are easier to set up net access than this? I have ben in and they keep saying it is in the post!!!!

We have set up with Bank of Cyprus .
Internet is very good. We have savings and current account . Moving money around is very quick , even on my iPad . After opening the account , pass codes and internet digi pass unit , arrived in one week.
All staff are really helpful and friendly.

[PeteandSylv]

I have no problem with Laiki's online banking. It does not take 3 weeks to get a pin. It's time you insisted they sent another. If the post is the real problem ask them to hold it at the branch for collection. If the branch personnel are being difficult then phone their main centre.

Pete

[dojoman43]

I know it does not normally take 3 weeks to get a pin, and I have been in to the bank on 2 occasions, the first time I was told it was in the post, the second time they ordered me a new pin which has still not arrived.

[dojoman43]

Result, pin has arrived today, yaaaaaaaaaaaaay!!!!!!

[Vegaanders]

When now the Cyprus banks have economic troubles and the EU directive about use of SEPA transfer it is perhaps a good idea to keep money outside Cyprus and using SEPA transfer to fill the Cyprus account when needed. From 1:st of July the money will reach your account in 1 day.

[PeteandSylv]

Originally Posted by Vegaanders

When now the Cyprus banks have economic troubles and the EU directive about use of SEPA transfer it is perhaps a good idea to keep money outside Cyprus and using SEPA transfer to fill the Cyprus account when needed. From 1:st of July the money will reach your account in 1 day.

I do think this is scaremongering.

Neither the government or the EU will allow banks to fail here any more than they did in the UK. I believe that the liquidity requirement the EU demands of the banks has now been met in the case of Bank of Cyprus and Laiki.

Pete

[Vegaanders]

I dont want to scare anyone. Just to be alert. And about the banks, if Greece decides to file for state bankrupcy, the Cyprus banks dont have money enough without EU help.

And the amount that state guarantee is max 100000 €

[PeteandSylv]

Originally Posted by Vegaanders

I dont want to scare anyone. Just to be alert. And about the banks, if Greece decides to file for state bankrupcy, the Cyprus banks dont have money enough without EU help.

And the amount that state guarantee is max 100000 €

I think you may have got this slightly wrong. In the extremely unlikely event of Greece becoming bankrupt (there is nowhere for them to file this as they are not a company!) the Cyprus banks investment in Greece might become worthless. This is a serious loss on their books but the money has already gone and is therefore not a burden on their liquidity which, as I said before, is now assured.

The state guarantee you quote is per person per bank and I am delighted that you have enough cash spread around to worry that this is not enough.

Pete